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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 02, 1973
Page
15
New York stocks fell sharply as traders worried about interest-rate rules and bank liquidity. The Dow slipped about 1.2 percent with large names such as Exxon Mobil and International Paper trading lower, while Kresge and other shares moved on heavy volumes.
The item lists varied meat prices with odd figures such as 54.25 to 24.75 and adds that butchers over 23 pounds incur extra charges of 2 cents per additional 10 pounds while thresholds exist for 250 pounds with 50 cents added per extra 10 pounds. packers rates appear as fractional amounts.
A sprawling, OCR messy sheet shows bids and quotes from Cedar Rapids to Chicago and Des Moines. It lists prices for cattle hogs and calves, plus farm goods and a stolen television report in Cedar Rapids and a missing checks incident in Vernon A. Hartson.
Kopel L. Kopel was elected vice president of the International Association of Clerks Recorders and Officials and Treasurers during a national meeting. Delegates noted a large turnout with discussions on builds, gallery, and shop openings. A tale of a Norfolk pine theft from a porch was also reported.
Brief items note a hospital patient at St Louis Imperial, a theft of a $32 pistol and a $350 motorcycle, a lost coin purse, a beauty salon ad, and a porch burglary with a $2 000 statue missing plus a tipped thermometer. Also mentions garden sales and store hours.
The council scans the second stage of the city affirmative action program outlining implementation steps and potential penalties for firms doing city business lacking acceptable plans. The measure targets noncompliant vendors and describes outreach to minority groups for job applications.
Major banks in New York and Chicago increased their prime lending fee to large corporate borrowers. Chase Manhattan and First National Bank of Chicago announced 4 percent plus hikes while Girard National Bank posted a 7 percent rise, signaling a broad year rise in prime rates.
Former Parsons College finance chief Amberg testified that about 300000 to 350000 of the defunct school's receivables may be collectible, with the rest likely uncollectible. He described assets, real estate, and cash deposits controlled by Father Bayne as receiver, noting about 31000 cash on hand and plans for bid proposals and affirmative action requirements in city contracting.
Chicago market notes show wheat up 10 cents and soybeans mixed as traders react to a USDA weekend statement that China will continue buying U.S. grains for months. July wheat near 2.78 1/2, soybeans around 9.60, corn led by gains despite mixed data.
A Texas jury found General Dynamics Corp not guilty on federal fraud charges over using faulty metal plates in the F-111 fighter bomber. The two counts alleged conspiracy to defraud and submission of fraudulent documents, but the defense argued no intent to deceive.
A burglar interrupted a nighttime break in at 1009 Central Street in Cedar Rapids as the resident Yoseph W Tresnak surprised the intruder. Police were notified and are investigating the break in.
Donald E. Gilbert aged 49 of 520 Eighth Avenue SE was arrested on drunken driving and leaving the scene after a collision between a car and a motorcycle owned by David J. McBawall at the Virskyate and Sixth Street intersection. Gilbert was located in the 100 block of SeWonder Avenue SW, posted a $235 bond, and was released Sunday.
Charles B Kelley 21 of 1195 Twenty eighth fleet Martin was arrested Sunday by Cesar Benyars police on a charge of assault and battery. A report states Kelley struck a man in Cedar Rapids while the victim was in a bedroom upstairs. The suspect fled but was later released from custody.
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